Multiple Choice
Which of the following is a distinguishing feature of a command system?
A) Private ownership of all capital.
B) Central planning.
C) Heavy reliance on markets.
D) Widespread dispersion of economic power.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: Which of the following best describes the
Q28: "Because the outputs of many industries are
Q29: Copyrights and trademarks are examples of<br>A) capital
Q29: In a market system:<br>A) firm owners and
Q73: The term "laissez-faire" suggests that<br>A) land and
Q81: The use of money contributes to economic
Q120: Which of the following is not one
Q151: Examples of command economies are<br>A) the United
Q160: In terms of the circular flow diagram,
Q248: Firms are motivated to minimize production costs